GV80 CPO - Pricing help

[iknownoone1]

Hi,
How much should I expect to pay for a Certified Pre Owned Genesis GV80 (2023) with a few thousand miles? Does anybody know how much GV80's depreciate right out the dealership? I'm getting a quote that is only about $3K less than the MSRP for 2024 GV80s and wanted inputs from experts here for how to determine what is a good price. Would appreciate your inputs.

 

[SoCal2021GV80]

Hi,
How much should I expect to pay for a Certified Pre Owned Genesis GV80 (2023) with a few thousand miles? Does anybody know how much GV80's depreciate right out the dealership? I'm getting a quote that is only about $3K less than the MSRP for 2024 GV80s and wanted inputs from experts here for how to determine what is a good price. Would appreciate your inputs.

Does Kelly Blue Book show anything. Usually it doesn't matter who you get the car from, just what car, condition, and how many miles. (I think!)

 

[SGilbert]

I think you ought to investigate as to WHY the '23 has only a few thousand miles. Either it was a 'sick puppy' and got, hopefully, fixed, or it was a dealer loaner. In either case I would be leery of buying it; especially since a brand new '24 is only $3k more. Get the '24

 

[Tranquil]

Hi,
How much should I expect to pay for a Certified Pre Owned Genesis GV80 (2023) with a few thousand miles? Does anybody know how much GV80's depreciate right out the dealership? I'm getting a quote that is only about $3K less than the MSRP for 2024 GV80s and wanted inputs from experts here for how to determine what is a good price. Would appreciate your inputs.

If your are inclined to buy this car, I would recommend a Carfax report( I believe a small fee) as it provides its history and its value. A Boston dealer used it to determine my trade-in value. You just need to type in the VIN# of the used vehicle. If the vehicle was in an accident, Carfax will calculate the depreciated value, regardless, of a possible, acceptable repair ( a perfect repair still results in significant depreciation).

One other word of advise, if you purchase a Genesis, you might want to have a backup vehicle for necessary transportation.

 

[BillZ]

They don't depreciate much when nearly new as there remains a waiting list for new vehicles in many areas. I paid $85,000 Cdn for my 2021 Prestige in February 2021 and I'm seeing prices now for that model in the $77,500 range 2 1/2 years later. Of course it depends on the wear and tear, mileage etc. You haven't specified which trim you're interested in. Some are in much higher demand than others.

 

[iknownoone1]

Thanks for the responses. After some more research, I was able to get KBB prices for CPO and work with the dealership to bring a new GV80 home with me today!!

 

[SoCal2021GV80]

Thanks for the responses. After some more research, I was able to get KBB prices for CPO and work with the dealership to bring a new GV80 home with me today!!

Congratulations . . . and welcome to the best new car and one of the best support forums on the interment.

Enjoy!